Gold: Bears’ Domination Still Stronger

 Gold sold off amid dominant risk appetite in the markets after the announcement of pending coronavirus vaccines. The price of gold fell to $1765 an ounce, its lowest level in four months. Gold investors tried to take advantage of the situation by buying a bounce back higher with gains that did not exceed $1786 an ounce and stabilized there at the time of this writing. However, market optimism be halted at some point, as it dawns on people that vaccine licensing, production and distribution may take time. This is not pessimism, but rather a reality. Gold futures contracted about 5.6% in November. Joe Biden’s ... (full story)